Income, Consumption Rose in September,
But the Trend of Moderation Continues

By

Yochi J. Dreazen Staff Reporter of The Wall Street Journal

Updated Oct. 31, 2000 12:01 a.m. ET

WASHINGTON -- Add income and spending growth to the long list of economic data showing clear signs of slowing.

The Commerce Department said that personal income, a broad measure of wages, interest payments and government benefits, increased a larger-than-expected 1.1% in September after gaining just 0.4% a month earlier. Consumption rose 0.8% after climbing a revised 0.5% in August, down a notch from the department's initial...